Swiss Re (OTCMKTS:SSREY) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Swiss Re Ltd. (OTCMKTS:SSREY)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $40.45 and traded as high as $43.00. Swiss Re shares last traded at $42.89, with a volume of 10,840 shares traded.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Morgan Stanley reaffirmed an “underweight” rating on shares of Swiss Re in a report on Friday, May 8th. UBS Group downgraded Swiss Re from a “neutral” rating to a “sell” rating in a research report on Thursday, May 21st. Finally, Citigroup reiterated a “neutral” rating on shares of Swiss Re in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Swiss Re presently has a consensus rating of “Reduce”.

Swiss Re Price Performance

The company has a current ratio of 39.12, a quick ratio of 39.12 and a debt-to-equity ratio of 0.32. The business’s 50-day moving average is $40.45 and its 200-day moving average is $40.58.

Swiss Re Company Profile

Swiss Re (OTCMKTS: SSREY) is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the firm provides risk transfer and insurance solutions to insurers, reinsurers, and large corporations worldwide. Its core activities encompass reinsurance for property & casualty and life & health lines, as well as tailored corporate insurance products designed to protect complex commercial and industrial risks.

Swiss Re’s product offering spans treaty and facultative reinsurance, structured reinsurance solutions, and capital markets–linked risk transfer such as insurance‑linked securities.